An Empirical Analysis On The Influence Factors Of China's Motor Vehicle Insurance Premium

In 1979,our country decided to restore the insurance business,and the insurance of transportation,including motor vehicle insurance,was one of the first ones to be set up after the recovery of the domestic insurance industry.In 1987,the proportion of transportation tool insurance reached 42.27% in financial insurance,exceeding the ratio of 39.30% of enterprises' property and property insurance,which became the first danger of property insurance.In 2016,motor vehicle insurance premium income reached 683.5 billion-yuan,accounting for 73.76 percent of property insurance.Thus,it can be seen that the motor vehicle insurance is high in property and property insurance.At the same time,with the gradual prosperity of people's life and the gradual opening of the mind,people's demand for motor vehicles and the cognition of insurance are highly promoted.By reading lots of literature,this paper make analysis about the present situation of motor vehicle insurance premium income,and put forward the possible influence factors,then qualitative analysis,draw the clusters of figure and to observe the general trend line chart.After that,I choose the panel data of 31 provinces between 2007 and 2016,and establish panel data fixed effects model,and make the regression estimate by using Eviews software from and time weight,and compare and analyze the regression results.Finally,it is concluded that the country(region)gross domestic product,private car ownership,residents' consumption level,and the loss ratio of insurance have a significant impact on motor vehicle insurance premium income from regional weight.On the other side,residents' consumption level,the proportion of urban population,private car ownership,the country(region)gross domestic product,level of education,the amount of direct loss of traffic accident,and sulfur dioxide content have different degrees of influence on motor vehicle insurance premium income from time weight.The main innovation point of this paper is to establish a panel data fixed effect model,which is analyzed from two dimensions of time and region.At the same time,it introduces the sulfur dioxide content as an independent variable to represent the effects of environmental factors on motor vehicle insurance premium income.This action combines the attention to environmental problems and the perspective of new energy vehicles,which has more practical significance.